Mount Juliet Retail/Commercial
For Sale
$1,800,000
Pending
485 N Mount Juliet Rd, Mount Juliet, TN 37122
Highly visible retail/commercial property in the heart of Mount Juliet.
Property Size3,868 SF
Lot Size1.10 Acres
Days on Market389
Property Features for 485 N Mount Juliet Rd
General Information
Standard status
Pending
Size
3,868 SF
Lot size
1.10 Acres
Property subtype
Commercial
Building Details
Year Built
2014
Listing Agency:
REGAL REALTY GROUP
(615) 499-5864
Listed By:
ANTHONY CADUFF
(615) 400-1997
Source:
Corcoran
Added: Aug 12, 2025
Changed: Aug 8
Last Checked: Jul 23 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REGAL REALTY GROUP
Investment Insights
Based on property information with market context.
This highly visible retail/commercial property is located in the heart of Mount Juliet’s main retail corridor. The ±1.10-acre site is positioned directly across from Walmart, Lowe’s, and Academy Sports, and features ±151 feet of frontage and ±27,524 VPD. The property includes a ±3,668 square foot retail building, converted from a car wash in 2014. The zoning is CI, which allows for retail, QSR, and service uses. Approximately 13 parking spaces are available on-site. Utilities including water, sewer, electric, and gas are available. Approximately 0.19 acres (17%) of the property, located on the southern edge, is in a 100-year FEMA floodplain. The property is ideal for redevelopment or interim owner-user occupancy. Surrounded by national brands and explosive residential growth, this property offers excellent potential for retail, service, or mixed commercial development in one of Middle Tennessee’s fastest-growing cities.
Key Highlights
- Prime location in Mount Juliet's main retail corridor, directly across from Walmart, Lowe's, and Academy Sports.
- High traffic volume: ±27,524 vehicles per day.
- Zoning (CI) allows for retail, QSR, and service uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,456
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,769,120
$1.8M
Cap Rate 7%
$1,263,657
$1.3M
Cap Rate 9%
$982,844
$982.8K
Market Conditions
NOI Build-Up for 3,868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$131.4K $33.96/SF
− Vacancy
−$5.0K −$1.29/SF
EGI
$126.4K $32.67/SF
− OpEx
−$37.9K −$9.80/SF
NOI
$88.5K $22.87/SF
Area
Wilson County, TN
Vacancy
3.80%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,769,120
Cap Rate 7%
$1,263,657
Cap Rate 9%
$982,844
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,456 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.07M
$4.44M – $5.92M
NOI $355,053 @ 7.0% cap · market cap 19.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 37122, TN
64,018
Population
25,608
Households
2.5
Avg Household Size
40
Median Age
47%
College-Educated
96%
High-School Grad
111.6 sq mi
ZIP Area
574
Density / Sq Mi
$109,306
Median Household Income
$57,218
Median Earnings
$1,840
Median Rent
$451,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail/commercial property in the heart of Mount Juliet.
Where is this retail space located?
The property is located at 485 N Mount Juliet Rd Mount Juliet, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location in Mount Juliet's main retail corridor, directly across from Walmart, Lowe's, and Academy Sports.; High traffic volume: ±27,524 vehicles per day.; Zoning (CI) allows for retail, QSR, and service uses.
